Are you staying in Taiwan and feel you want to live in Portugal? Maybe you need a change of scenery or maybe just for personal reasons, and you want to apply for a golden visa; check out this article. Firstly, this type of visa is only allotted, permitting you to be a resident by investing in that country.
With more Taiwanese looking at Portugal for a golden visa, it is important to understand what amounts to such a decision. The most obvious reason is that the amount needed to get it is relatively lower than other EU states.
With less than three thousand Euros of investment in a small population density area, you will get your golden visa status within three months.
You can check out how to apply for our —still feeling unsure why you should get into Portugal? Here are some more reasons for you.
Good health facilities and safety.
Portugal is known to be a diplomatic nation. They maintain good relationships with all other countries, making it a peaceful society with a stable economy.
It is among the top five most peaceful and safest countries. In addition, Portugal’s health system is at the top, even at international standards.
World Health Organization ranks it the 12th best among United Nations member countries in terms of healthcare efficiency.
Medical care is free at public hospitals, and public health insurance in Portugal covers a certain percentage of the cost of prescribed drugs. It is available to both citizens and residents with golden visas alike.
Easy Way to Full Citizenship
One benefit of staying in Taiwan is applying for citizenship legally without mandatory residence in Portugal is easier. When you successfully meet all necessary conditions and live in Portugal for at least five years, you can apply for citizenship as an investor.
Its passport is part of the top 10in the world as you can enter about 185 countries visa-free or get a golden visa on arrival. And this part is possible by getting a golden visa.
An added advantage is that your children born in Portugal after two years of legal residency will be citizens at birth.
Ease to Move within the Schengen Area
As a Taiwanese, you are recognized as a resident of the European Union. Still, with a residency permit card from Portugal, you can travel freely throughout the entire Schengen area, even without a visa.
It means you could visit the 26 EU member states and have equal access to all the region has to offer without trouble. It is, however, one of the significant benefits of a golden visa.
A Low Cost of Living
Another reason you should get a golden visa is the relatively cheap cost of living when it is likened to other EU countries.
The cost of living is the lowest in the EU region, yet it still offers world-class health facilities, quality education, and a scene environment, among others. Standard of living provides comfort and convenience at an affordable cost.
A Portugal golden visa is choosing to reside in a paradise with little or no cost.
Low Taxation
A normal concern when immigrating to another country will be the tax rate. However, with the golden visa, the problem of taxation is reduced. Preference tax status is only possible if you become a tax resident in Portugal by spending at least half of the year in the country.
Another way to reduce your tax is by requesting a special tax status known as Non-habitual residency. It reduces the high tax rate for ten years.
And salaries or profits earned in another country would not be taxed again in Portugal.
Ease of Opening Bank Accounts in Portugal and Other EU Countries
Opening a new financial account in a new country is difficult, especially because of different government and financial policies. But with over 100 banks in Portugal, getting the best financial services for you and your financial investment is possible.
With this golden visa, you also have the right to freely use all the services provided by EU banks and get all their benefits. This means you can save your money and conduct foreign exchange transactions in any of their banks.
Having this visa, you will not only enjoy all the full advantages of being a legal resident but also have your assets protected.
